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Personal income growth here fails to keep pace with inflation

Monroe County ranked 11th and Ontario County 14th among New York’s 62 counties by 2013 per-capita personal income, according to data released Nov. 20 by the U.S. Department of Commerce’s Bureau of Economic Analysis. But the increases of 1.1 percent and 0.6 percent over 2012 per capita income for these counties, respectively, failed to keep pace with the 2013 inflation rate of 1.2 percent. Nationwide, 2013 per capita personal income averaged $44,765, and ranged from a low of $17,536 in Telfair County, Ga., to a high of $121,632 in New York County (Manhattan). Personal income in metropolitan areas nationwide rose 2 percent in 2013.

11/28/14 (c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email rbj@rbj.net.

 

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